Daily Insurance Industry News
 
 
Daily Insurance Industry News
Wednesday 22nd of May 2013
November 14, 2012

Aviva urges snow-sporters to get covered

by Richard Kilner

Story link: Aviva urges snow-sporters to get covered

Research commissioned by Aviva has revealed that whilst for a quarter of skiers and snowboarders their holiday this winter will be their first winter sports holiday only 40% of them will have winter sports travel insurance. There is a significant correlation between experience with winter sports and insurance, with 70% of those who consider themselves [...]



July 9, 2012

ACE and RAC form partnership

by Richard Kilner

Story link: ACE and RAC form partnership

ACE Group has announced that it has entered a partnership with RAC in the UK, whereby it will offer travel insurance under the RAC brand. RAC has seven million private and corporate members to whom it provides a wide range of motor-related services. The new travel insurance offering will be provided via a dedicated online [...]



August 17, 2011

ABI urges travellers to take out insurance

by Richard Kilner

Story link: ABI urges travellers to take out insurance

The number of British travellers falling ill abroad has recently hit a record high, the Association of British Insurers (ABI) has reported. Last year emergency medical treatments cost travel insurers £275m in claims, with medical expenses surging by 270% over the course of the last six years. Over the same period of time the number [...]



August 16, 2011

AXA warns against dangerous new crazes

by Richard Kilner

Story link: AXA warns against dangerous new crazes

Travel insurer AXA has warned British travellers that claims made due to dangerous new crazes will be rejected. AXA has seen a spike in such claims, with as many made in the summer of this year as in the whole of 2010. The insurer blames the rise in claims (such as falling off of balconies) [...]



July 15, 2011

Overseas stag parties put revellers at risk

by Richard Kilner

Story link: Overseas stag parties put revellers at risk

Stag and hen parties held overseas can lead to more serious after-effects than bleary eyes and a hangover, new research by Direct Line Travel Insurance has revealed. Of the 5.7m people who held stag and hen parties overseas in the last two years 115,000 knew someone who had had a piercing or tattoo that they [...]



May 27, 2011

Aviva issues ash cloud guidance

by Richard Kilner

Story link: Aviva issues ash cloud guidance

Aviva has offered its customers advice and guidance in relation to the ongoing situation regarding the volcanic eruption. Kate Niven, senior travel underwriter, advises customers concerned about their travel into or out of the UK being affected to contact their travel operator, airline or airport for up to date information. Niven went on to say [...]



May 25, 2011

Ageas reports impact of ash cloud on coverage

by Richard Kilner

Story link: Ageas reports impact of ash cloud on coverage

With some disruption over the skies of Europe from the volcanic ash cloud, Ageas has advised customers with a policy start date prior to 23 May 2011, who also booked their trip prior to 23 May 2011, that they will be covered as per the terms and conditions. Customers are advised to first contact the [...]



May 23, 2011

ABI offers volcanic ash cloud guidance

by Richard Kilner

Story link: ABI offers volcanic ash cloud guidance

The Association of British Insurers (ABI) has released guidance relating to the eruption of Grimsvotn volcano in Iceland, which has sent substantial quantities of ash into the atmosphere. Travellers are advised to contact their airline, travel agent or airport for up to date information, and if a cancellation occurs then either a full refund or [...]



April 19, 2011

Travellers warned against leaving without insurance

by Richard Kilner

Story link: Travellers warned against leaving without insurance

A new survey by Direct Line has revealed that 3.2 million Britons would go without travel insurance to increase their spending money on holiday. Saving on duty free (61%) and new clothes (60%) proved the most popular economies when saving for a holiday, but one out of 15 Britons indicated they would risk travelling without [...]



February 17, 2011

Older travellers bolster holiday industry

by Richard Kilner

Story link: Older travellers bolster holiday industry

The over 50s are now accounting for more than half (51%) of overseas holiday spend and 43% of all UK tourism spend, according to travel insurer LV=. Whilst the under 50s continue to struggle with belt-tightening, the over 50s spend £17.6bn on travel every year, and this figure is predicted to almost double in a [...]



November 30, 2010

Travellers encouraged to take out insurance

by Richard Kilner

Story link: Travellers encouraged to take out insurance

Direct Line has warned those contemplating going without travel insurance during a winter break of the financial risk they are exposing themselves to if the worst happens. More than a million Britons are expected to participate in winter sports this year, and could face bills of £5,000 for a simple fracture to a lower limb, [...]



November 22, 2010

AXA warns against skipping travel insurance

by Richard Kilner

Story link: AXA warns against skipping travel insurance

Travel insurer AXA has warned that as many as a million Britons could be at risk when they go skiing this winter. According to the firm’s research, one in six (17%) of UK adults enjoy skiing/snowboarding on holiday, yet 10% of them will go on holiday without any travel insurance at all. This lack of [...]



October 25, 2010

Barclays forms partnership with FirstAssist

by Richard Kilner

Story link: Barclays forms partnership with FirstAssist

Barclays has announced that it has formed a new three-year partnership with FirstAssist, replacing its previous partnership with Aviva. Barclays customers taking out travel cover from the bank will now have their coverage provided by FirstAssist, the new travel insurance provider. Barclays General Insurance and External Relationships Director Rob Clarkson described FirstAssist as a specialist, [...]



October 6, 2010

Banks see travel insurance boost

by Richard Kilner

Story link: Banks see travel insurance boost

Consumers seeking travel insurance are increasingly going to their current account providers to find it, according to a new survey from YouGov SixthSense. Comprehensive travel insurance has recently seen its profile in the public consciousness increase dramatically, due largely to the unprecedented volcanic disruption to airlines and kept in the public eye by industrial action. [...]



August 26, 2010

World First issues excess travel insurance advice

by Richard Kilner

Story link: World First issues excess travel insurance advice

Travellers are being urged by World First Travel Insurance to thoroughly research the travel insurance market to ensure they have an appropriate level of coverage when on holiday. Managing Partner Martin Rothwell has described failure to take out insurance as a false economy and a huge risk. Travellers can browse hundreds of insurers through price [...]



August 3, 2010

World First Travel Insurance enjoys record year

by Richard Kilner

Story link: World First Travel Insurance enjoys record year

World First Travel Insurance, the travel insurance specialist, has announced a quartet of new appointments. The appointments follow a period of phenomenal growth for the firm, which has seen business growth exceeding 400% during the course of the last 12 months. This record growth has occurred despite a number of challenging events, such as the [...]



July 29, 2010

Travellers urged to be wary of airline failure

by Richard Kilner

Story link: Travellers urged to be wary of airline failure

Airline insolvency is an issue largely ignored by travellers when booking tickets, new research from Ipsos Mori on behalf of the Air Transport Users Council (AUC) has revealed. Of the 2,072 people surveyed only five considered the matter when booking tickets, a perhaps surprisingly small number given that 65 airlines have collapsed since the financial [...]



July 19, 2010

Travellers spend hours researching insurance

by Richard Kilner

Story link: Travellers spend hours researching insurance

Travel insurer World First has discovered that travellers seeking specific insurance coverage can spend as much as six hours acquiring it, longer than the time it takes to fly to Greece. Those with more complicated insurance needs average 12 calls to insurers, according to World First, with calls taking up 25 minutes, plus 15 minutes [...]



July 15, 2010

Travellers urged to take out insurance

by Richard Kilner

Story link: Travellers urged to take out insurance

UK holidaymakers looking to cut costs are being advised by Post Office Travel Insurance to browse their travel insurance options thoroughly. Last year the number of overseas holidays taken by Britons declined by 14.5% as travellers sought to save money by taking fewer holidays or just staying in the UK. Regardless of the longevity of [...]



July 13, 2010

Travel insurance gaps plugged by ProtectMyHoliday

by Richard Kilner

Story link: Travel insurance gaps plugged by ProtectMyHoliday

Travel insurance policy gaps are being successfully filled by ProtectMyHoliday.com, the financial protection website. Defaqto has recently found that more than three quarters (77%) of travel insurance products do not provide financial protection, leaving travellers exposed should airlines and other travel-related firms become insolvent. The CAA does provide ATOL Protection, but this is only applicable [...]